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CWEB Business News Hyundai Transys Unveils Sustainable Leather Innovation at Milan Trade Show

Hyundai Motor Group’s global auto parts affiliate, Hyundai Transys, has revealed a groundbreaking plant-based leather that closely mimics the smell and feel of real...

Business August 28, 2025

Strategic AI Alliance: CWEB News Analysts on Alphabet’s Market Surge Following Reported Apple Negotiations

CWEB Business News – In a significant development within the technology sector, Alphabet Inc. (GOOGL) shares experienced a notable appreciation following a report from CWEB News business...

Business August 28, 2025

Exxon Mobil to Pay Nearly $60 Billion to Acquire Pioneer Natural Resources

Business October 11, 2023

Exxon Mobil (NYSE:XOM) announced its plan to acquire Pioneer Natural Resources (NYSE:PXD) for $59.5 billion, with a per-share price of $253. This acquisition sets...

Take-Two Interactive’s Rating Raised to Outperform at Raymond James

Business October 11, 2023

Raymond James analysts upgraded Take-Two Interactive Software (NASDAQ:TTWO) to Outperform from Market Perform and set a price target of $170 per share. This optimism...

Texas Instruments’ Rating Slashed to Perform at Oppenheimer

Business October 11, 2023

Analysts from Oppenheimer downgraded Texas Instruments (NASDAQ:TXN) from Outperform to Perform. The decision considers the company's upcoming report and the perspective that the Q3...

Netflix’s Price Target Cut at Morgan Stanley Ahead of Q3 Earnings

Business October 11, 2023

Morgan Stanley analysts lowered their price target on Netflix (NASDAQ:NFLX) by $20, setting it at $430 per share, just ahead of the Q3 earnings...

The Timeless Shoe Company Birkenstock Rings the IPO Bell Today With an 8 Billion Valuation

Business October 11, 2023

For 250 years the famous shoe company Birkenstock (BIRK) reigned from one generation to the next. The result is the absolute best in quality,...

Google aims to eliminate passwords

Business October 11, 2023

By encouraging people to generate passkeys to unlock accounts and devices using a fingerprint, facial scan, or pin number, Google hopes to make passwords...

Burger King announced a $400 million investment in stores and branding

Business October 11, 2023

Over the past few years, Burger King has worked to revive its image, revamping everything from its logo to its packaging. Restaurant refurbishment is...

CWEB News Summarized Business and Stock Newsletter October 11, 2023

Business October 11, 2023

While adjustable-rate mortgage rates declined last week, the average rate for a 30-year fixed mortgage reached its highest level since 2000. A panicked rush...

PepsiCo Reports Strong Q3 Earnings, Raises Outlook

Business October 10, 2023

PepsiCo (NASDAQ:PEP) revealed a promising Q3 earnings report, posting an EPS of $2.25, which is $0.10 above the Street estimate of $2.15. The revenue...

Neogen Shares Drop 4 percent Following Q1 Earnings

Business October 10, 2023

Neogen (NASDAQ:NEOG) unveiled its Q1 earnings, reporting an EPS of $0.11, which is $0.06 above the analyst estimate of $0.05. However, the quarterly revenue,...

Rivian Stock a Buy at Needham

Business October 10, 2023

Analysts at Needham & Company maintained a Buy rating on Rivian Automotive (NASDAQ:RIVN), keeping the price target steady at $31.00. Following the third-quarter delivery...

Electronic Arts Stock Gains 3 percent on BofA’s Upgrade

Business October 10, 2023

BofA Securities upgraded Electronic Arts (NYSE:EA) to Buy from Neutral, citing an unjustified current discount and promising early indicators for fiscal 2024. The price...

Unity CEO Retires, Shares Gain 5 percent

Business October 10, 2023

Unity Software (NYSE:U), the renowned video-game software creator, has announced the immediate retirement of its CEO, John Riccitiello. Following the news, shares gained more...

Google announces Cloud AI powered search for doctors, nurses, healthcare workers

Business October 10, 2023

Google (GOOGL) has revealed its development of sophisticated generative AI search features intended especially for physicians and other healthcare professionals. With the help of...

Will Apple launch an iPhone 16 Ultra in 2024? Rumors are swirling

Business October 10, 2023

After the recent success of Apple (AAPL) Watch Ultra rumors on the possible launch of an iPhone 16 Ultra device are becoming stronger and a...

CWEB News Summarized Business and Stock Newsletter October 10, 2023

Business October 10, 2023

Wall Street was weighing the geopolitical dangers of a prolonged battle from the Israel-Hamas war on Tuesday, and investors responded by bidding up U.S....

Bristol-Myers Squibb Acquires Mirati Therapeutics For Up to $5.8 Billion

Business October 9, 2023

Bristol Myers Squibb (NYSE:BMY) and Mirati Therapeutics (NASDAQ:MRTX) jointly announced an acquisition deal in which Bristol Myers Squibb will purchase Mirati for $58.00 per...

Lennox Stock Upgraded at Goldman Sachs

Business October 9, 2023

Goldman Sachs analysts upgraded the rating for Lennox (NYSE:LII) from Sell to Buy and set a new price target of $455 per share. The bank's...

Splunk’s Rating Cut to In Line on Pending Acquisition By Cisco

Business October 9, 2023

Evercore ISI analysts downgraded Splunk (NASDAQ:SPLK) from an Outperform rating to an In-Line rating while keeping their price target for the stock at $157.00....

Craig-Hallum Positive on AMD Stock

Business October 9, 2023

AMD (NASDAQ:AMD) received a positive mention from Craig-Hallum, with the analysts identifying several promising near-term catalysts. The analysts pointed out that the PC business is...

Wells Fargo Cuts Estimates on Tesla Ahead of Q3 Results

Business October 9, 2023

Wells Fargo analysts maintained their Equal Weight rating for Tesla (NASDAQ:TSLA) while reducing their price target from $265.00 to $260.00 in anticipation of the...

Social media scams cost U.S. consumers $650 million in first six months of 2023, watchdog reports

Business October 9, 2023

According to reports by a U.S. watchdog, many consumers in the nation have fallen prey to social media scams and the amount lost in...

4,000 additional United Auto Workers go on strike after rejecting deal with Mack Trucks

Business October 9, 2023

At 7 a.m., 4,000 unionized workers initiated a strike, further exacerbating the ongoing labor unrest in the automotive industry, which has affected all three...

CWEB News Summarized Business and Stock Newsletter October 9, 2023

Business October 9, 2023

Futures for crude oil and gold rose in reaction to the Hamas offensive on Israel, which has resulted in over 700 deaths and the...

Progressive Auto Insurance in Hot Water Class Action Lawsuit Over Sensitive Data Breach by Employees Who Used Chatbots

Business October 8, 2023

The Progressive Corporation (PGR), a well-known provider of auto insurance, home insurance, and other financial services, found itself in hot water when it experienced...

Watch Two Project Kuiper prototype satellites of Amazon lift off from Florida and launch into space

Business October 7, 2023

On October 6, two prototype satellites from Amazon’s Project Kuiper lifted off in the afternoon EDT. The satellites are part of Amazon's Project Kuiper...

Apple CEO Tim Cook sells 241,000 Apple shares, will get $41 million

Business October 7, 2023

Apple CEO Tim Cook has sold a huge chunk of his Apple shares, according to a security filing. He will pocket about $41 million....

Microsoft Stock a Buy in Anticipation of AI Catalysts

Business October 6, 2023

UBS analysts restated their Buy rating and set a price target of $400.00 for Microsoft (NASDAQ:MSFT). They noted that the adoption of artificial intelligence...

Eli Lilly Stock Gains on BofA’s Price Target Raise

Business October 6, 2023

Eli Lilly (NYSE:LLY) shares gained more than 3% intra-day today after BofA Securities analysts raised their price target on the company from $600.00 to...

Frontdoor Shares Surge 4 percent on Upgrade

Business October 6, 2023

Frontdoor (NASDAQ:FTDR) shares surged more than 4% intra-day today after Truist Securities analysts upgraded the stock from Hold to Buy, setting a price target...

e.l.f. Beauty Stock Surges 4 percent on Jefferies Upgrade

Business October 6, 2023

Jefferies analysts upgraded e.l.f. Beauty (NYSE:ELF) from Hold to Buy, setting a price target of $115.00. As a result, shares gained more than 4%...

AutoZone Downgraded to Perform at Oppenheimer

Business October 6, 2023

Oppenheimer analysts downgraded AutoZone (NYSE:AZO) from Outperform to Perform and set a price target of $2,600.00. The downgrade is based on a more cautious...

Molson Coors to move beyond beer as younger consumers are health conscious

Business October 6, 2023

Molson Coors (TAP), the popular brewing company, is expanding its beverages to include non-beer and nonalcoholic drinks. The CEO of the company recently spoke...

CWEB News Summarized Business and Stock Newsletter October 6, 2023

Business October 6, 2023

Bank of America claims that the current housing market is eerily similar to that of the 1980s. There are many parallels between today and...

Polestar Automotive Stock Drops 4 percent Despite Record Deliveries

Business October 5, 2023

Polestar Automotive (NASDAQ:PSNY) shares dropped more than 4% intra-day today despite the Swedish electric car manufacturer disclosing record delivery figures for the third quarter...

XPO Price Target Raised at Wolfe Research

Business October 5, 2023

Wolfe Research analysts raised their price target for XPO (NYSE:XPO) from $87 per share to $105 while maintaining an Outperform rating on the stock. The...

O’Reilly Automotive Upgraded to Buy at Citi

Business October 5, 2023

Citi analysts upgraded their rating on O'Reilly Automotive (NASDAQ:ORLY) from Neutral to Buy and raised the 12-month price target on the stock from $983.00...

AMD’s Price Target Cut to $125 at Baird

Business October 5, 2023

Baird analysts revised down their price target for AMD (NASDAQ:AMD) from $170.00 to $125.00 while maintaining an Outperform rating. The analysts explained the price target...

Clorox Stock Plunges 8 percent on Guidance Cut Due to Cybersecurity Breach

Business October 5, 2023

Clorox (NYSE:CLX) shares experienced a more than 8% drop intra-day today following the company's announcement of a cybersecurity breach. Due to this security incident, Clorox...

Starbucks will close seven locations in San Francisco in the next few weeks

Business October 5, 2023

Starbucks (SBUX) said that it is closing seven locations in San Francisco this month. It said that it was adjusting its portfolio of stores....

Uber apps to pick return packages from customers, deliver to UPS, FedEx or USPS

Business October 5, 2023

Uber has started a new service through its Uber and Uber Eats apps. The Wednesday announcement said that customers would be able to return...

Watch A Game-Changer in the Smartphone World: Google Reveals Pixel 8

Business October 5, 2023

Google Pixel 8 has arrived, and it's nothing short of spectacular. With a slew of new features, enhanced capabilities, and a sleek design, it's...

CWEB News Summarized Business and Stock Newsletter October 5, 2023

Business October 5, 2023

On Thursday, following the release of initial unemployment claims by the Labour Department, the Dow Jones Industrial Average fell. Initial claims for unemployment insurance...

75,000 Kaiser Healthcare Workers Strike in the Largest Healthcare Strike in History

Business October 4, 2023

"Kaiser executives are refusing to listen to us and are bargaining in bad faith over the solutions we need to end the Kaiser short-staffing...

Goldman Sachs Says Buy Dell Stock Today

Business October 4, 2023

Goldman Sachs analysts offered tactical trade ideas for the week, suggesting that clients consider buying Dell (NYSE:DELL) shares in anticipation of the company's analyst...

Ally Financial Stock in Tactical Outperform List at Evercore

Business October 4, 2023

Evercore ISI analysts maintained their In Line rating and a price target of $30.00 on Ally Financial (NYSE:ALLY). However, they now included the stock...

Helen of Troy Beats Q2 Results, But Shares Drop 7 percent on Weak Guidance

Business October 4, 2023

Helen of Troy (NASDAQ:HELE) announced Q2 earnings per share (EPS) of $1.74, surpassing the Street estimate of $1.64. The company reported revenue of $491.6...

Coinbase Stock Still an Underperform at Mizuho

Business October 4, 2023

Mizuho Securities analysts reaffirmed their Underperform rating on Coinbase Global (NASDAQ:COIN) and set a price target of $27.00. The analysts expect that the third...

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